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If you're over the age of 18, have a source of income, and are enrolled in a college or university, you may be eligible for a student credit card.
A student credit card is a credit card designed specifically for people attending college or another qualifying post-high school educational program. Like a traditional credit card, a student card gives you access to a line of credit that you can use up to the set credit limit. Every month, you must pay at least the minimum amount. Any balance you carry from one billing period to the next may accrue interest.
A student credit card typically has a smaller credit limit than a standard credit card. However, you may be able to request a credit limit increase after you're making timely payments and using your account responsibly, usually after at least six months. While student credit cards tend to be easier to get than traditional credit cards, approval isn't guaranteed.
Whether or not you're a student, you may be able to qualify for a secured credit card. Secured credit cards require a refundable deposit when you open your account, which acts as collateral for your credit limit. Even if you have a less than perfect credit score, you may still qualify for a secured card. Choose the card that reports your activity to the three major credit bureaus. Reporting your account activity is crucial for building or rebuilding credit, though it's highly recommended to check that your card issuer reports to all three agencies.
And the best thing is that many issuers automatically review your account to be upgraded to an unsecured credit card. You can typically qualify for an upgrade after 6 to 12 months of responsible use, though the exact timing depends on the card issuer.
